Answer:
OAKLEY
INVENTORY TURNOVER 2,66
Cost Of Goods 395,010
Average Inventory 148,500
DAYS IN INVENTORY 137
Explanation:
To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year , the take the Total Cost of Goods and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 2,66
To find the days in inventory we have to divide 365 (days of the year) and divide it by the Inventory Turnover, 2,66, the result is 137 days.
END START
$172,000 $125,000 Inventory
$ 768,000 Sales Revenue
$ 395,010 Cost of Goods Sold
OAKLEY
INVENTORY TURNOVER 2,66
Cost Of Goods 395,010
Average Inventory 148,500
DAYS IN INVENTORY 137
Tobacco ensured the long-term success of Jamestown.
Answer:
c. $154,000 depreciation, $4,000 amortization
Explanation:
The basis of the rental real estate property = purchase price + closing costs (excluding the cost of mortgage points) = $150,000 + $4,000 = $154,000
You can amortize the cost of the closing points for a period equal to the length of the mortgage loan (or up to 30 years if the length of the loan is longer).
Answer:
The balance in the investment account on December 31 will be $325,000
Explanation:
The equity method is computed by applying an equation which is shown below:
= Opening balance of common stock + rate of common stock × (Net income - dividend paid)
= $300,000 + 25% × ($160,000 - $60,000)
= $300,000 + 25% × $100,000
= $300,000 + $25,000
= $325,000
Since, only 25% of common stock is acquired so, only 25% is to be considered in the computation part. And all other balances are also considered together.
Hence, the balance in the investment account on December 31 will be $325,000
<u>Explanation:</u>
The negative externalities such as pollution which is the most common externalities of the companies is handled by the government using the pollution taxes. By increasing the taxes for companies making pollution the product prices will increase and the demand for those products will decrease.
Landfill is also increasing over the years by manufacturing companies. Government imposes landfill taxes to these companies. So the companies try to recycle the rubbish by themselves than dumping in public property.
Plastic bag tax is another tax that is implemented on the business providing free bags for the customers. This is an additional cost to business so they use recyclable bags or paper bags.
So by imposing regulations, taxes and laws government is able to control negative externalities.
